Will the stock market crash in Zheng Rong affect real estate?

Zheng Rong Real Estate is an independent real estate business platform of Zheng Rong Group, which was listed on the Hong Kong Stock Exchange on 20 18. In the afternoon, Zheng Rong Real Estate, a Hong Kong stock, fell nearly 70%, the biggest drop on record, which triggered the cooling-off period mechanism of market regulation. In addition, services in Zheng Rong plummeted by 80%. According to the data, Zheng Rong Real Estate is a "Fujian Real Estate Enterprise", and its business scope includes real estate investment, trade, real estate development and management. The company is a large-scale comprehensive real estate developer in China, focusing on the development of residential properties and the development, operation and management of commercial and multi-functional properties. Zheng Rong Real Estate is an independent real estate business platform of Zheng Rong Group, which was listed on the Hong Kong Stock Exchange on 20 18. Ou Zongrong, founder of Zheng Rong Group, 1964, was born in Putian, Fujian.